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America's Wealth Management Show

5 Strategies to Reduce RMDs

Broadcast on:
21 Aug 2023

When most people begin seriously thinking about retirement, their employer provided traditional 401(k) is oftentimes their largest asset. Saving to a traditional 401(k) or IRA is a great way to build a nest egg for retirement. However, as our friend Ed Slott frequently says, there’s a retirement savings tax time bomb that can blow up your retirement if you’re not careful. A big part of that time bomb is Required Minimum Distributions, so we’re going to outline a few strategies for how to reduce your RMDs. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=reduce-rmds Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg Pros and Cons of Converting to a Roth IRA: https://youtu.be/7T_BaFtK4gg Rules for Inherited IRA Distributions: https://youtu.be/VQPX_jo09rY Considering RMDs Before and After Retirement: https://youtu.be/gAbLBswC938 Asset Allocation vs. Tax Allocation: https://youtu.be/mMqwacOhvzg Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw What Is a QCD?: https://www.modwm.com/what-is-a-qcd/ Tax Rates Sunset in 2026 and Why that Matters: https://www.modwm.com/tax-rates-sunset-in-2026-and-why-that-matters/ Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=reduce-rmds Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=reduce-rmds Check out our other podcast! The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow